REI Lense

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$1,747 (target)

3031 Lone Oak Rd, Bessemer, AL 35023

3 beds • 2 baths • 1921 sqft

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This property might be a fair Long-Term investment with a projected 7.43% first-year return on $35,700 initial cash invested.

7.43%

Cash On Cash

8.65%

Cap Rate

1.34

DSCR

$1,747

Rent

$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,747 income − $1,526 expenses = $221 cash flow

Income$1,747Mortgage P&I$91853%Property Taxes$945%Insurance$603%Management$17510%CapEx$875%Vacancy$1056%Maintenance$875%Cash Flow$221

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,747

Total Expenses

$1,526

Mortgage P&I

53%

$918

Property Taxes

5%

$94

Home Insurance

3%

$60

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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